On Wednesday General Motors officially commenced its initial public offering in the amount of $13 billion. Rumors and speculation flew all week as to whether the move would come and just how much the IPO would be. Turns out, the company kicked off its IPO just at about the time it announced its preliminary third-quarter […] [Read More]

Making its debut at the 2010 SEMA Show was a new award, which spotlighted the new car, truck and SUV that voters found to be best suited for accessorizing. In some good news for domestics, the Big 3 swept the awards, as each of Detroit’s automakers was represented. Winning the award for Hottest Car was […] [Read More]

Used-vehicle buyers now are keeping their units longer than ever. That’s the finding Polk shared Wednesday. Polk determined that as of the second quarter of this year, consumers own their used vehicles an average of 46.1 months. It’s a rise from the previous quarter’s reading of 45.9 months. Meanwhile according to Polk’s data that goes […] [Read More]

Edmunds.com computed the average incentive handed out by automakers to move units in October was down against both the previous month and the year-ago period. Site analysts estimated Wednesday that the average incentive in the U.S. was $2,498 per vehicle sold in October. They indicated that amount was $61, or 2.4 percent, lower than September […] [Read More]

Dollar Thrifty Automotive Group’s corporate adjusted EBITDA showed double-digit improvement for the seventh straight time during third quarter, which marked what the company’s chief executive officer called the “best quarterly performance” that Dollar Thrifty has ever had. [Read More]

Word on the street is that leasing penetration is soaring, and ALG recently offered some analysis to back this up. Just what did the company discover? Looking at lease penetration, ALG reported it has reached its most robust level in two years during the third quarter and almost surpassed 20 percent. Breaking it down, ALG said mainstream brands […] [Read More]

Consumers Digest revamped its listing and evaluation process when the publication came up with this year’s Best Buys for new vehicles — 17 of which were not listed a year ago. Magazine officials whittled down more than 250 vehicles from the 2011 model year to 35 vehicles and seven companion models. The publication broadened its […] [Read More]

For its December issue, Consumer Reports pitted the redesigned Jeep Grand Cherokee — which is Chrysler’s first post-bankruptcy new-vehicle launch — against the Toyota 4Runner in a comparison test. Which of the midsize SUVs fared better? According to the publication, it gave the Grand Cherokee a “Very Good” score, while the 4Runner received a “Good” score. [Read More]

For many years, the recovery industry has flown under the radar. Thanks to recently published articles like “Repo Madness” the repeated negative news about lenders and the bad economy has moved the recovery industry into the spotlight. The majority of recovery agents liked the anonymity and never really had to step into the limelight or […] [Read More]

AutoCanada revealed recently that president Bob Clark is no longer with the company. Chief executive officer Pat Priestner said he and other senior management staff would take on the presidential duties until AutoCanada finishes its “internal head office review.” [Read More]